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Valerie Vamp as an individual provides personal service and obtains commission as a designer of exclusive leather garments for export has the following plant on

Valerie Vamp as an individual provides personal service and obtains commission as a designer of exclusive leather garments for export has the following plant on hand at 1st of July of the current income year.

Item

Cost Price

Opening Adjustable Value

Tax Depreciation Rate

Leather Garment Machine A

20,000

17,400

20% DV

Valarie sold Leather Garment Machine A on 30 September of the current income year for $15,000.

The balancing adjustment on sale will be:

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